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Botanica Development - Jupiter - 2006
4/3.5/2 single family home purchased for $408,180 cash in December, 2005 on a
pre-construction basis. The home re-sold for $457,400 on February, 2006. The
net profit to the JRI Investor Associate was over $37,445 or a return of 66% on
investment on an annualized basis.
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Water’s Edge – Deerfield Beach – 2006
3/2 condo purchased by a JRI Investor Associate during an exclusive pre-opening
condo-conversion offering (before available to the public) for $174,900 with financing.
The unit was re-sold and closed for $229,900 within 90 days of the original purchase.
The net profit to the JRI Investor Associate was over $26,500 or an annualized
rate of return on investment of over 425%.
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Water’s Edge – Deerfield Beach – 2006
3/2 condo purchased by a JRI Investor Associate during an exclusive pre-opening
condo-conversion offering (before available to the public) for $173,900 with financing.
The unit was re-sold and closed for $225,000 within 90 days of the original purchase.
The net profit to the JRI Investor Associate was over $22,600 or an annualized
rate of return on investment of over 300%. |
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Water’s Edge – Deerfield Beach – 2006
3/2 condo purchased by Joe Bettag and a JRI Investor Associate during an exclusive
pre-opening condo-conversion offering (before available to the public) for $176,400
with financing. The unit was re-sold and closed for $215,000 within 150 days of
the original purchase. The net profit to Joe Bettag and the JRI Investor Associate
was over $10,000 or an annualized rate of return on investment of over 69%. |
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Water’s Edge – Deerfield Beach – 2006
3/2 condo purchased by a JRI Investor Associate during an exclusive pre-opening
condo-conversion offering (before available to the public) for $173,900 with financing.
The unit was re-sold and closed for $210,000 within 120 days of the original purchase.
The net profit to the JRI Investor Associate was over $7,300 or an annualized
rate of return on investment of over 67%. |
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Fiore – Palm Beach Gardens – 2006
1/1 condo purchased by a JRI Investor Associate during a condo-conversion for
$152,000 cash. The unit was re-sold and closed for $178,000 within 120 days of
the original purchase. The net profit was over $14,000 or an annualized rate
of return on investment of over 25%.
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Fiore – Palm Beach Gardens – 2006
1/1 condo purchased by a JRI Investor Associate during a condo-conversion for
$165,000 cash. The unit was re-sold and closed for $188,900 within 90 days of
the original purchase. The net profit was over $7000 or an annualized rate of
return on investment of over 17%. |
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CEYLON AT OKEECHOBEE - 2005
Do business with the broker who represented the buyer/developer on this transaction
and has the "inside info." Double click the brochure for more details on the
project. Developer's Proforma projects a net profit in the range of $40 to $80
million over the next five years.
Master planned community consisting of 550 acres with 4900 residential units
and four acres of commercial land. Okeechobee is considered by many to be the
next commuter market for south Florida as real estate land prices are relatively
inexpensive compared to St. Lucie, Martin, Palm Beach, and Broward Counties.
The site is located next to Lake Okeechobee and about a 45 minute commute from
the Scripps Bio-Tech campus in Jupiter. |
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Evergrene Development - Palm Beach Gardens - 2005
Purchased for $339,045 and rented for one year with a positive cash flow. During
that year, the amenities including the clubhouse were completed creating additional
value and material and land prices increased. Eight months after the purchase,
the subject appraised for $376,000 for a refinance/cash out loan to purchase another
property. After the lease the subject was put on the market and sold for $450,000
providing a net profit of over $90,000.
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Palm Beach Gardens - 2005
Subject purchased for $197,000. Less than 40 days later, the same floor plan
in the same development sold for $219,900. Subject was then leased for income.
Refinance/cash-out loan completed with about $90,000 in working capital to re-invest
created. Subject appraised for $285,000 on 8/2006 and has a positive cash flow. |
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Water's Edge - Deerfield Beach - 2005
3/2 Condo at purchased by a JRI Investor
Associate during an exclusive pre-opening condo-conversion offering (before
available to the public) for $176,400. The unit was re-sold and closed for $205,000
within 60 days of the original purchase. The annualized rate of return on investment
was over 100%. |
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Paseos Development - Jupiter - 2004
Purchase of a new home for $274,080 on a pre-construction basis. The home was
re-sold while being built for $329,900 and purchased and sold the same day via
a simultaneous closing. The net profit after expenses was $39,258 or a return
of 111% on initial investment.
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Palm Beach Gardens - 2004
Purchased during foreclosure for $177,500 cash with rental income after closing
for two months (former owner). After becoming vacant and making some minor repairs,
the property was listed for sale and sold for $213,000. The net profit after
all expenses was at $15,975. |
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Jupiter - 2002
Purchase of a new single family home for $149,500 on a pre-construction basis
with an investment of $11,232. The home sold 16 months later for $167,500. Between
the cash flow from the rental income and the proceeds from the sale, the total
gain was $30,583 creating a 218% rate of return on initial investment. |
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Jupiter - 2001
Purchase of a duplex for $126,000 with a low down payment. Three years later,
it sells for $150,000 with the seller netting $27,450 plus rental income and creating
a 325% rate of return on initial investment. |
